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About Tim
Tim Deithloff’s principal area of practice is public finance law, serving as bond counsel, underwriter’s counsel, disclosure counsel, borrower’s counsel and bank counsel. He has served as bond counsel and disclosure counsel for state agencies, institutions of higher education (public and private), regional mobility authorities, cities, counties, school districts, special districts and local government corporations. Tim also represents both national and regional investment banking firms as underwriter’s counsel and placement agent counsel in traditional and other types of exempt offerings.
With more than 20 years of experience in the public finance arena, Tim has gained a wide range of experience in all types of public securities transactions, with a focus on state agency, transportation and higher education finance matters. Tim also assists governmental entities in matters involving the investment of public funds, state legislation, their responsibilities under federal securities laws, continuing disclosure compliance, derivative transactions and other public law matters. He has represented underwriters and placement agents in bond transactions throughout the State of Texas, as well as Oklahoma, Iowa, Kansas, Tennessee, North Dakota and South Dakota.
Experience
Recent Notable Matters
Harris County Industrial Development Corporation — bond counsel in the refinancing of $225 million of tax-exempt bonds issued for the benefit of Energy Transfer LP. The refinanced bonds were issued in the wake of Hurricane Ike to finance the construction of residual and crude oil terminal and dock facilities located in Houston.
Texas Department of Transportation — disclosure counsel in connection with $300 million State Highway Fund First Tier Revenue Bonds, Series 2014-B (March 2022 remarketing); $89.370 million State Highway Fund First Tier Revenue Bonds, Series 2016-B (October 2021 remarketing); $250 million State of Texas General Obligation Mobility Fund Put Bonds, Series 2014-B (October 2021 remarketing); $341.43 million State Highway Fund First Tier Revenue Refunding Bonds, Taxable Series 2020; $1.270 billion State of Texas General Obligation Mobility Fund Refunding Bonds, Taxable Series 2020; $705.55 million State of Texas Highway Improvement General Obligation Refunding Bonds, Taxable Series 2019; $296.02 million State of Texas General Obligation Mobility Fund Refunding Bonds, Series 2017-A; $474.135 million State of Texas General Obligation Mobility Fund Refunding Bonds, Series 2017-B; $601.21 million of State Highway Fund First Tier Revenue Bonds, Series 2016-A; $89.37 million State Highway Fund First Tier Revenue Refunding Put Bonds, Series 2016-B; $588.755 million State of Texas Highway Improvement General Obligation Bonds, Series 2016A; and $150 million 2017 Remarketing: State Highway Fund First Tier Revenue Bonds, Series 2014-B1
Hidalgo County Regional Mobility Authority — bond and disclosure counsel in connection with $215 million of Senior and Junior Lien Toll and Vehicle Registration Fee Revenue and Refunding Bonds, Series 2022A and 2022B for the construction of the 365 Toll Project; and bond counsel in connection with $61.6 million of Senior Lien Vehicle Registration Fee Revenue and Refunding Bonds, Series 2013
Iowa Finance Authority — underwriter's counsel in connection with $68.155 million Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds)
Grand Parkway Transportation Corporation — disclosure counsel in connection with $220.415 million Grand Parkway System First Tier Toll Revenue Refunding Bonds, Taxable Series 2020A; $1.293 billion Grand Parkway System Subordinate Tier Toll Revenue Refunding Bonds, Taxable Series 2020B (TELA Supported); $793.385 million Grand Parkway System First Tier Toll Revenue Refunding Bonds, Series 2020C; $712.100 million Grand Parkway System Subordinate Tier Toll Revenue Bonds, Series 2018A (TELA Supported); $166.525 million Grand Parkway System Subordinate Tier Toll Revenue Put Bonds, Series 2018B (TELA Supported); and $605.330 million Bond Anticipation Notes, Series 2018
Central Texas Regional Mobility Authority — bond counsel and disclosure counsel in connection with $255.075 million Senior Lien Revenue Bonds, Series 2021B; $244.185 Subordinate Lien Revenue Bond Anticipation Notes, Series 2021C; $50.265 million Senior Lien Revenue Bonds, Series 2020A; $57.120 million Senior Lien Revenue Refunding Bonds, Series 2020B; $138.435 million Senior Lien Revenue Refunding Bonds, Taxable Series 2020C; $99.705 million Subordinate Lien Revenue Refunding Bonds, Taxable Series 2020D; $167.160 million Senior Lien Revenue Bonds, Series 2020E; $110.875 million Subordinate Lien Revenue Bond Anticipation Notes, Series 2020F and $61.570 million Subordinate Lien Revenue Refunding Bonds, Series 2020G; $46.94 million Subordinate Lien Revenue Bond, Taxable Series 2019; $44.345 million Senior Lien Revenue Bonds, Series 2018; and $46.020 million Subordinate Lien Revenue Bond Anticipation Notes, Series 2018
University of Texas System Board of Regents — bond counsel in connection with $375.270 million Permanent University Fund Bonds, Series 2023A; $372.915 million Permanent University Fund Bonds, Series 2022A; $302.640 million Permanent University Fund Bonds, Taxable Series 2017 A; $117.27 million of Permanent University Fund Bonds, Series 2016A; $197.97 million of Permanent University Fund Refunding Bonds, Series 2015A; establishment of Permanent University Fund Commercial Paper Notes Program and issuances aggregating over $1.5 billion (since 2009)
Baylor University — bond counsel and disclosure counsel in connection with $256.165 million Tax-Exempt and Taxable Waco Education Finance Corporation Revenue Refunding Bonds, Series 2020A and 2020B; $112.845 million Taxable Fixed Rate Bonds, Series 2018; $59.75 million Waco Education Finance Corporation Revenue Refunding Bonds, Baylor University Issue, Series 2017 (Tax-Exempt Variable Rate Bonds); and establishment of Taxable Bonds Program and Taxable Commercial Paper Notes Program
The Texas A&M University System Board of Regents — bond counsel in connection with over $200 million of Permanent University Fund Commercial Paper Notes (2015 – 2017); and $208.465 million of Permanent University Fund Bonds, Series 2013
City of Austin, Texas — bond counsel in connection with $416.06 million Airport System Revenue Bonds, Series 2022 (AMT); $151.720 million Airport System Revenue Refunding Bonds, Series 2019 (AMT); disclosure counsel in connection with $295.84 million Water and Wastewater System Revenue Refunding Bonds, Series 2022 and $143.77 million Water and Wastewater System Revenue Refunding Bonds, Series 2023 (Forward Delivery); $16.975 million Airport System Revenue Bonds, Series 2019A; $248.170 Airport System Revenue Bonds, Series 2019B (AMT); substitutions of credit and liquidity facilities for bonds secured by hotel occupancy taxes, combined utility system revenues and airport system revenues
Alamo Regional Mobility Authority — bond and disclosure counsel in connection with $36.73 million Senior Lien Vehicle Registration Fee Revenue Bonds, Series 2022A and $48.85 million Senior Lien Vehicle Registration Fee Revenue Refunding Bonds, Taxable Series 2022B
Oklahoma City Airport Trust — underwriters' counsel in connection with $93,550,000 Oklahoma City Airport Trust Junior Lien Tax-Exempt Bonds Thirty Third Series (AMT) (2018)
Texas Municipal Gas Acquisition and Supply Corporation III — underwriter's counsel in connection with $1.061 billion Gas Supply Revenue Refunding Bonds, Series 2021
Cypress-Fairbanks Independent School District — bond counsel in connection with $49.74 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-1; $48.015 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-2; and $45.99 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B-3
Fort Bend Independent School District — bond counsel in connection with $50 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015A; $49.42 million of Variable Rate Unlimited Tax School Building Bonds, Series 2015B; and $100 million of Unlimited Tax Commercial Paper Notes, Series A
City of Austin, Texas — underwriter’s counsel in connection with the issuance of $249.145 million of Water and Wastewater System Revenue Refunding Bonds, Series 2015A and $40 million of Water and Wastewater System Revenue Refunding Bonds, Taxable Series 2015B
City of San Antonio, Texas — underwriter’s counsel in connection with the issuance of $235 million of Electric and Gas Systems Revenue Bonds New Series 2015; $100 million of Electric and Gas Systems Variable Rate Junior Lien Revenue Bonds Series 2015C; and $100 million of Electric and Gas Systems Variable Rate Junior Lien Revenue Bonds Series 2015D
University of Texas System Board of Regents — underwriter’s counsel in connection with the issuance of $250 million of Revenue Financing System Bonds, Taxable Series 2016G
Texas Higher Education Coordinating Board — bond counsel in connection with issuance of over $600 million of student loan revenue bonds backed by the full faith and credit of the State of Texas from 2007 through 2011
Dallas Area Rapid Transit Authority — lessee counsel in connection with leveraged lease transactions
Metropolitan Transit Authority of Harris County, Texas — lessee counsel in connection with leveraged lease transactions
North Texas Tollway Authority — underwriter’s counsel in connection with the issuance of $987.79 million of System First Tier Revenue Refunding Bonds, Series 2016A
Riesel Industrial Development Corporation — borrower’s counsel to power generation entity in connection with issuance $50 million of Solid Waste Disposal Revenue Bonds (Sandy Creek Energy Associates, L.P. Project), Series 2008 and $50 million of Solid Waste Disposal Revenue Bonds (Sandy Creek Energy Associates, L.P. Project), Series 2007
Federally-Recognized Indian Tribes — placement agent counsel in connection with bond issuances by federally-recognized Indian tribes in North Dakota and South Dakota